Financial/Economic Current Affairs Quiz – 5

1. IMF (International Monetary Fund) recently Reduced india’s GDP Growth estimate for FY 2012 – 13 from 6.1% to –

 5.9 %
 6.9 %
 6 %
 4.9 %
( Ans – 4)

2. IFFCO (Indian Farmers Fertiliser Cooperative Limited) will soon set up a new plant in Which Country ?

 USA
 Canada
 UK
 Germany
( Ans – 2)

3. Which Country has put Thailand behind to become the biggest rice exporter in the last Fiscal ?

 Pakistan
 India
 Nepal
 USA
( Ans – 2)

4. ADB (Asian Development Bank) recently Reduced india’s GDP Growth estimate for FY 2012 – 13 from 7 % to –

 5 %
 5.6 %
 6 %
 6.5 %
( Ans – 2)

5. The Union Govt recently increased planned expenditure on Health During 12th five year Plan from 1.4 % to what percent of GDP ?

 3 %
 2.5 %
 2.9 %
 2 %
( Ans – 2)

6. World Bank recently offered a loan of what ammount to support secondary education in India ?

 $ 300 million
 $ 500 million
 $ 100 million
 $ 200 million
( Ans – 2)

7. What has been India’s actual GDP Growth Rate in Q1 (Apr – June) and Q2 (July – Sep) of FY 2012 – 13?

 Q1 – 5.5 %, Q2 – 5.3 %
 Q1 – 5.2 %, Q2 – 5.3 %
 Q1 – 5.3 %, Q2 – 5.3 %
 Q1 – 5.3 %, Q2 – 5.5 %
( Ans – 1)

8. RBI (Reserve Bank of India) recently Reduced india’s GDP Growth estimate for FY 2012 – 13 from 6.5 % to –

 5.5 %
 5.8 %
 6 %
 6.8 %
( Ans – 2)

9. C. Rangrajan led PMEAC (Prime Minister’s Economic Advisory Council ) recently Reduced india’s GDP Growth estimate for FY 2012 – 13 from 6.7 % to -?

 6 %
 7 %
 6.5 %
 6.8 %
( Ans – 1)

10. What has been India’s CAD (Current Account Deficit) in FY 2011 -12 and Q1 of 2012 – 13 (Apr – June) ? (Measured as percentage of GDP)

 FY 2011-12 -> 4.2 %, Q1 of FY 2012-13 ->3.9 %
 FY 2011-12 -> 4.2 %, Q1 of FY 2012-13 ->3.2 %
 FY 2011-12 -> 5.2 %, Q1 of FY 2012-13 ->3.9 %
 FY 2011-12 -> 4.2 %, Q1 of FY 2012-13 ->4.9 %
( Ans – 1)

11. International Rating Agency S&P (Standard & Poor’s) recently Reduced india’s GDP Growth estimate for FY 2012 – 13 from 6.5 % to –

 5 %
 5.5 %
 6.5 %
 5.8 %
( Ans – 2)

12. India and Pakistan recently decided to set up a Max Limit on Import duty on Goods imported from each other. The newly decided limit for import duty is –

 5 %
 6 %
 7 %
 8 %
( Ans – 1)

13. Indian postal department recently decided to start a bank named –

 Postal Bank of India
 Indian Post Bank
 Indian Postal Bank
 Post Bank of India
( Ans – 4)

14. International Rating Agency FITCH recently Reduced india’s GDP Growth estimate for FY 2012 – 13 from 6.5 % to –

 6.8 %
 6.7 %
 6 %
 6.2 %
( Ans – 3)

15. FCRA act has recently been amended to empower commodities market regulator FMC (Forward Markets Commision). FCRA Stands for –

 Forward Commission Restriction Act
 Forward Contract Regulation Act
 Forward Commission Regulation Act
 Forward Contract Restriction Act
( Ans – 2)

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